Medical Properties Trust (NYSE:MPW) Shares Gap Up Following Dividend Announcement

Medical Properties Trust, Inc. (NYSE:MPW)’s stock price gapped up before the market opened on Monday after the company announced a dividend. The stock had previously closed at $3.99, but opened at $4.83. Medical Properties Trust shares last traded at $4.77, with a volume of 21,165,016 shares trading hands.

The newly announced dividend which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 12.99%. The ex-dividend date is Friday, April 19th. Medical Properties Trust’s payout ratio is presently -63.83%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 price target on the stock in a research report on Friday, March 1st. Mizuho decreased their target price on shares of Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, January 3rd. Colliers Securities lowered shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $4.25 in a report on Wednesday, April 10th. Truist Financial raised their target price on shares of Medical Properties Trust from $4.00 to $4.50 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Medical Properties Trust in a report on Tuesday, January 30th. They issued a “sell” rating and a $2.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Medical Properties Trust presently has an average rating of “Hold” and an average price target of $5.48.

Medical Properties Trust Trading Down 2.5 %

The business’s 50 day moving average price is $4.11 and its two-hundred day moving average price is $4.36. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of -4.91, a P/E/G ratio of 1.18 and a beta of 1.20.

Institutional Investors Weigh In On Medical Properties Trust

Hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new stake in Medical Properties Trust during the 3rd quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new stake in Medical Properties Trust during the 1st quarter worth approximately $38,000. Tucker Asset Management LLC boosted its position in Medical Properties Trust by 2,447.6% during the 3rd quarter. Tucker Asset Management LLC now owns 7,974 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 7,661 shares during the period. Cetera Trust Company N.A bought a new position in Medical Properties Trust during the 4th quarter worth approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Medical Properties Trust by 861.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 9,615 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 8,615 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023.